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in those states that have a sales tax that the obligation to pay sales tax is on the individual consumer in other words if i walk into a store and i buy something for one hundred dollars and the sales tax in that state is four percent whether i give that four percent of the store owner or whether i mail it in at the end of the year to the state the obligation is on me to pay that four percent and when the stores collect at four percent they're basically doing it as a convenience to me now it's facilitated by the state to make sure that they get their money because most people won't at the end of the year add up all their receipts and say here's what i bought so are you with me so far on this i'm with you on that and it's in it's in the states are just not enforcing it this rush just on right words and so so basic but at and so what congress did when i think was the telecommunications act i could be wrong but sometime back in the eighty's or ninety's when congress said ok we're not going to have internet sales companies collect state income taxes in part it was that back in that day inter
in those states that have a sales tax that the obligation to pay sales tax is on the individual consumer in other words if i walk into a store and i buy something for one hundred dollars and the sales tax in that state is four percent whether i give that four percent of the store owner or whether i mail it in at the end of the year to the state the obligation is on me to pay that four percent and when the stores collect at four percent they're basically doing it as a convenience to me now it's...
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Mar 21, 2013
03/13
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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Mar 13, 2013
03/13
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what do you have to pay taxes? maybe they do pay payroll taxes. i guess the story or the question has to be, it's not just because you didn't try to become attractive to hispanics, african-americans or single women. you didn't give them the opportunity that you suggest that your party stands for. you didn't give them the educational opportunity. the job opportunity. the hand up opportunity. >> yeah. >> you didn't give them an opportunity. >> congresswoman, has the country lost sight of why we're here having this budget battle? i mean, you have to look back at the last 12, 13 years of what has transpired. how we have given breaks to the wealthiest americans and that didn't work out with the job creation. how we went into wars and didn't pay for it. how we did a deal with big pharma and medicare part d and then the deregulation of wall street back in the late '90s took us right into the housing problem and the criminal activity that took place on wall street that has not been
what do you have to pay taxes? maybe they do pay payroll taxes. i guess the story or the question has to be, it's not just because you didn't try to become attractive to hispanics, african-americans or single women. you didn't give them the opportunity that you suggest that your party stands for. you didn't give them the educational opportunity. the job opportunity. the hand up opportunity. >> yeah. >> you didn't give them an opportunity. >> congresswoman, has the country lost...
SFGTV: San Francisco Government Television
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Mar 18, 2013
03/13
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maloney and i own a business in san francisco and i am all for businesss in san francisco and creates tax revenue and gives people employment and the concept is reliance on the off sales as far as i understand, they are very, very nice people. they are starting a small family, they have a small family, and i think that i am 100 percent behind it. thank you. >> thank you. is there any other member of the public that would like to speak? if so, please come on up. mr. paulson it is good to see you i have not seen you in a while. >> good to see you supervisor campos. >> i see you in the newspaper. >> i can see polk street looking fast in its faded jeans and i hope that you keep the city really green. ♪ sun down you better take care ♪ if i find you's been creeping down polk street back stairs ♪ sometimes i think that it is a shame, and polk street is gone through so many achange ♪ >> music picture a bar ♪a verm uth they can make ♪and i hope
maloney and i own a business in san francisco and i am all for businesss in san francisco and creates tax revenue and gives people employment and the concept is reliance on the off sales as far as i understand, they are very, very nice people. they are starting a small family, they have a small family, and i think that i am 100 percent behind it. thank you. >> thank you. is there any other member of the public that would like to speak? if so, please come on up. mr. paulson it is good to...
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Mar 16, 2013
03/13
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barack ed in the foim obama talk about tax rates. why would you tax people at 100%? who would have an incentive to work? if you put in the idea of theft it makes sense. if you come to my house and steal all my furniture, what is the proper tax rate for you? 100%. it is not your furniture. so when you look upon wealth as pirated, as stolen goods, it seems appropriate for the government to be the instrument of taking it back. this is what obama meant some months ago when he said to a bunch of business guys, you didn't build that. what was he really saying? he was saying that society creates wealth and then greedy entrepreneurs swoop in and grab it. they claim it is for themselves but it is not theirs. so the government can be an instrument of confiscation. the government isn't taking what is yours because it never belonged to you in the first place. then if you look at obama's foreign policy. what is its core idea? it is the same. it is looking at america as the great pirate in the world. america goes into afghanistan and iraq to take advantage, to get oil. america is
barack ed in the foim obama talk about tax rates. why would you tax people at 100%? who would have an incentive to work? if you put in the idea of theft it makes sense. if you come to my house and steal all my furniture, what is the proper tax rate for you? 100%. it is not your furniture. so when you look upon wealth as pirated, as stolen goods, it seems appropriate for the government to be the instrument of taking it back. this is what obama meant some months ago when he said to a bunch of...
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Mar 18, 2013
03/13
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we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president is going to try whatever will work and try to be helpful with this process. >> ros
we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that...
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Mar 21, 2013
03/13
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FBC
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
SFGTV: San Francisco Government Television
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Mar 13, 2013
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the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program. additionally cap and trade continues to be a focus in the capitol. the cap and trade second round of options was conducted in february, and generated a goes total between the stationary source and utilities of about close to a quarter of a billion dollars and more than a quarter billion of dollars. the funds generated are returned to rate payers as rebates in the bills. and the funds derived from the stationary sources are the subject to an ongoing car. we will have a duty to come back in april with a proposed investment plan. there is a bit of a disconnect, the governor had presumed a billion dollars annua
the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the state, preservation program....
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Mar 16, 2013
03/13
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a 70% tax on this. >> how can you tax that adore built? lori, as a mom, or you claim to be a mother, but there is no proof. do you salute senator jennings? >> i know gavin empathizes. >> very fresh. >> i haven't been called fresh since i was in second grade. >> timeout, mister. >> it is old school brooklyn adjective. >> a teacher would say that. >> yes, in the 1950s. >> kids do what they do and say what they say. they are emulating grown-ups and can't punish them. especially the one making the toaster strudels into guns. is that what they are doing? it is insanity to punish them for this. >> how screwed up is it we need legislation to deal with something this stupid? we do we have to tell teachers and administrators that a gun made out of a pastry is evil. >> it never looks like a gun because it is a pop tart. it looks like a pop tart and they don't resemble weapons. at least they didn't in my day. i like the provision about this though. it will actually punish the teachers. the kids will not bankrupt the country one municipality at a time
a 70% tax on this. >> how can you tax that adore built? lori, as a mom, or you claim to be a mother, but there is no proof. do you salute senator jennings? >> i know gavin empathizes. >> very fresh. >> i haven't been called fresh since i was in second grade. >> timeout, mister. >> it is old school brooklyn adjective. >> a teacher would say that. >> yes, in the 1950s. >> kids do what they do and say what they say. they are emulating grown-ups...
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Mar 13, 2013
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patry ryan says there is a democrat that deals with the tax increases. president obama was one that -- in fact, every time he tries to propose a budget, it fails in the senate with zero -- >> dana: this is the first time in 92 years the congress moved forward ahead to the president. >> bob: what are the $7 trillion in cuts? >> you can watch paul ryan on "hannity" tonight. >> eric: he talks about hitting entitlement spending. he is very aggressive the things that maybe some of the other people in the house might not like. >> andrea: this is by design. he looks moderated today. you the progressives on the left, hammering him on the chain cpi. he looks presidential, finally, five years late going to work on the hill he is pulling a clinton. like he is triangulating. he knows the progressives have nowhere else to go. this is good. the left wing, after me, i moved to the middle, though we know he has not. >> dana: one group is not happy. congressional black caucus said to president obama they are unsatisfied with the number of african-americans who have been
patry ryan says there is a democrat that deals with the tax increases. president obama was one that -- in fact, every time he tries to propose a budget, it fails in the senate with zero -- >> dana: this is the first time in 92 years the congress moved forward ahead to the president. >> bob: what are the $7 trillion in cuts? >> you can watch paul ryan on "hannity" tonight. >> eric: he talks about hitting entitlement spending. he is very aggressive the things...
SFGTV2: San Francisco Government Television
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Mar 18, 2013
03/13
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that is why we have such high costs, high taxes on parking your car. the closer that you get to the center, the more expensive. but there is a limit how much we can turn away. that is why we also want to have some systems. i think if we're going to read 50% share of cycling for commuting, it is not enough to offer a good infrastructure. you also need possibly a toll road where people pay for driving and the city. -- for driving into the city. >> i can tell you what it costs in amsterdam. amsterdam is the most expensive place to park your car. it is now 5 euros, nearly $7 per hour, 24 hours per day. also, the question from andy, about 12 years ago, we had a referendum, what to do with the cars in the city. the majority voted for less cars in the city. the last 10 years, the amount of cars went down. it is down 20%, and that was done by making the profiles of the roads a little bit smaller, adding more room for cyclists and public transport, and bringing of the parking fees. it also what we did that time, for all new inhabitants, he needed a permit to pa
that is why we have such high costs, high taxes on parking your car. the closer that you get to the center, the more expensive. but there is a limit how much we can turn away. that is why we also want to have some systems. i think if we're going to read 50% share of cycling for commuting, it is not enough to offer a good infrastructure. you also need possibly a toll road where people pay for driving and the city. -- for driving into the city. >> i can tell you what it costs in amsterdam....
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Mar 17, 2013
03/13
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get a tax advantage. for paying not what i call nonessential services. in you come to see me for a common cold you don't want insurance to cover that if you are not the middle class. if insurance covers it your premiums go up. we need more payment out of pocket. what is not reported enough is that is a a lot of countries that have a universal health insurance they have more of a patient having skin in the game and that is what we need here. >> mike: i'm afraid maybe nancy pelosi was right on one thing we will know what is in obama care after we passed it. >> after we suffered from it. >> mike: very well said. doctor marc siegel great to have you here today. a new york cop is facing life in prison for basically having some really sick thoughts like cannibalism. is that the proper sentence for somebody who hasn't actually h hurt anybody else? i will discuss the c c c c c >> mike: a former new york city police officer faces life in prison after a jury found him guilty of conspiracy to kidnap as well as illegal use of federal databases. gilberto gally who ha
get a tax advantage. for paying not what i call nonessential services. in you come to see me for a common cold you don't want insurance to cover that if you are not the middle class. if insurance covers it your premiums go up. we need more payment out of pocket. what is not reported enough is that is a a lot of countries that have a universal health insurance they have more of a patient having skin in the game and that is what we need here. >> mike: i'm afraid maybe nancy pelosi was right...
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Mar 17, 2013
03/13
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CNNW
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$3 million would pay $203,000 less in taxes if they give up all their tax breaks. if they don't, they pay $345,000 less. so senator, the problem with the proposal is he doesn't say where he'll make up for the lost revenue. where do you get a sense the cuts are going to come from? >> well, in terms of the budget that was proposed by the house of representatives, cuts are coming primarily or savings are coming primarily from reform of social security, medicaid, and reform of medicare as well as cuts in discretionary spending, moving some of them away from defense and other areas of government. the difference in the two budget, the ten-year prospect of that passed in the house of representatives is $41 trillion spending over ten years. the senate budget, which was just approved thursday night by the senate budget committee, spends $46 trillion. so you've got two differences. the senate is trying to spend more. house republicans are trying to be more efficient. >> let me ask you this, senator. president obama is trying a new strategy. he's reaching out to congress, hol
$3 million would pay $203,000 less in taxes if they give up all their tax breaks. if they don't, they pay $345,000 less. so senator, the problem with the proposal is he doesn't say where he'll make up for the lost revenue. where do you get a sense the cuts are going to come from? >> well, in terms of the budget that was proposed by the house of representatives, cuts are coming primarily or savings are coming primarily from reform of social security, medicaid, and reform of medicare as...
SFGTV2: San Francisco Government Television
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Mar 20, 2013
03/13
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i do not know what else to do besides try to make a profit in a city that is over-taxing the and running down. [applause] >> i do think that you can do a lot through talking to your city supervisor and working through that process. i am telling you, there are ways that began help you. alcohol is a local issue on this type of matter. what we are behind would you guys want to do, whenever that is. a lot of times we do not always have statutes that make that much sense. it is partly the ways that the laws have evolved and we are the ones who are stuck with enforcing them the way that they are. that does not necessarily mean that we think they are particularly good ideas, but we certainly want people to grow, prosper, and be saved. that can be achieved in all sorts of ways. we want to work with you on that. thank you. >> i was the founding president of the entertainment commission. i retired and went on to found the culture association, the first trade association statewide for night life, bar, and restaurant activities. i am here with a question that plagues a lot of these license holders,
i do not know what else to do besides try to make a profit in a city that is over-taxing the and running down. [applause] >> i do think that you can do a lot through talking to your city supervisor and working through that process. i am telling you, there are ways that began help you. alcohol is a local issue on this type of matter. what we are behind would you guys want to do, whenever that is. a lot of times we do not always have statutes that make that much sense. it is partly the ways...
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Mar 20, 2013
03/13
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FBC
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business oers we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax s
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
SFGTV2: San Francisco Government Television
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Mar 18, 2013
03/13
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a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know you're coming to herminie. woman: the aroma in 90-degree days... can sometimes just want to knock you over. woman: we have water. we have power, we have gas, but we have no sewage. i guess when they laid out the town years ago, it just all went into the pipes and straight into the "crick." sabljak: i've lived here 43 years in the same house. when i moved here, they told us that sewage would be here shortly. and here it is 43 years later and we still don't have it. my husband and i went to the first meeting. he always said, "boy, i'll never see it in my lifetime." well... my
a larger cost on a smaller tax base, and, arguably, less affluent communities. man: sewickley township is a rural farming community, however, herminie itself would be considered to be the downtown area of the township. it's the agways, the auto-parts store, the bank. it's your typical small-town village. man: people think that rural areas are pristine and perfect and everybody has a nice, simple life. that's, uh, not exactly the situation here. when you come into town in the summer, you know...
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Mar 13, 2013
03/13
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reduce the corporate tax rate from 35 to 25 percent. it also seeks to slash spending on entitlements like medicare, medicaid and social security in an effort to balance the budget. this republican plan will no doubt set off a new round of petty partisanship in washington, but it's unlikely that democrats will pick up on this new line of attack. "i can promise you it doesn't cut enough to make me happy. and it doesn't reform entitlements enough to make me happy." senate democrats will unveil their budget plan today, with a reported $975 billion in spending cuts coupled with nearly $1 trillion in new revenue, according to the wall street journal. the white house plans to release president obama's budget proposal in the second week of april. meanwhile, in mo-town, detroit city officials are making a plea to the governor. governor rick snyder recently declared the motor city was in a financial crisis and needs an emergency financial manager. some detroit city officials are sending a message to the governor they prefer sticking with a modifi
reduce the corporate tax rate from 35 to 25 percent. it also seeks to slash spending on entitlements like medicare, medicaid and social security in an effort to balance the budget. this republican plan will no doubt set off a new round of petty partisanship in washington, but it's unlikely that democrats will pick up on this new line of attack. "i can promise you it doesn't cut enough to make me happy. and it doesn't reform entitlements enough to make me happy." senate democrats will...
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Mar 21, 2013
03/13
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critics say the company can't compete with china's cheap costs without tax payer money. it should be going to important things like schools. they haven't met the bench marks required to draw on the $197 million federal loan guarantee. but it wouldn't say what the bench marks are or if the feds will lower the bar in order to help the company survive. >> diane macedo fox news. >>> still ahead, it is an american tradition as old as our country. why is one military institute being forced to cancel the 4th of july. >> there's a new one a much different trend taking place in hollywood. attacking the white house. we will have the details about that straight ahead in the fox light. >> let's check in with bray an kilmeade to see what's going on on fox and friends. >> great show as usual. look at the show we put together for you guys to watch in the green room or maybe even in studio. we are going to talk about the president's 50 hours in israel. rocket fire from the palestinian areas. guess where the president is going? to the palestinian areas. we will show you what the latest w
critics say the company can't compete with china's cheap costs without tax payer money. it should be going to important things like schools. they haven't met the bench marks required to draw on the $197 million federal loan guarantee. but it wouldn't say what the bench marks are or if the feds will lower the bar in order to help the company survive. >> diane macedo fox news. >>> still ahead, it is an american tradition as old as our country. why is one military institute being...
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Mar 15, 2013
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he tried pitching lowering cost of entitlement in exchange for new taxes. despite reports the meetings are just for show. party leaders are optimistic. >> they were inspiring optimistic realistic and called for unit and invited any thoughts we had before going forward. >> it was a candid exchange with a number of our members asking questions of the president. as you can image talked about all different issues confronting us with considerable proportion of time transcended issue of time that is our deficit and debt. >> our nation's debt $16 trillion. >> it is time now to brew on this. here's what we would like you to brew on today. a recent report found that more companies are turning to tracking devices to monitor employee's habits to find out how they are interacting with co-workers. bank of america did this when team members talked to each other often. one ceo persworker said they co be recorded by watching movements>> or reading e-mails. >> companies putting sensors on employees to track their every move? is this just fine or is it over the line? send yo
he tried pitching lowering cost of entitlement in exchange for new taxes. despite reports the meetings are just for show. party leaders are optimistic. >> they were inspiring optimistic realistic and called for unit and invited any thoughts we had before going forward. >> it was a candid exchange with a number of our members asking questions of the president. as you can image talked about all different issues confronting us with considerable proportion of time transcended issue of...
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Mar 20, 2013
03/13
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FBC
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we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing industry has strengthened, home prices have gone up, that has brought some people into the credit box in the sense the number of people who are underwater in their mortgages is declining as house prices go up. so if people have bigger down payment, bigger equity in their homes, they become more creditworthy. i don't want to overstate it, but monetary policy by strengthening the housing market, helping support house prices is bringing more people into the mortgage market. >> peter barnes of fox business, sir. the stock market has been hitting all-time highs, it has recovered all of its losses from the f
we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing...
SFGTV2: San Francisco Government Television
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Mar 18, 2013
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there is some project management primarily it's about planning and oversight and making sure that the tax dollars are being well spent so i want to encourage you to keep that very firmly in mind. this is a somewhat unique setting. >> i agree wholeheartedly. that's a good point, and it also speaks to commissioner mar's comments about outreach and inclusion in the stakeholder engagement process. if you look at the timeline today is march march 18. we have basically this week to do community engagement which means from the standpoint of scheduling and making it happen that's a very, very aggressive timeline in order to produce a document that you will have to review and approve on the following week, so what i might suggest that we might want to do as part of this process is have some of that community engagement be on-going. the fact that we have a recruitment profile that has been produced does not necessarily impede us from listening to our stakeholders and being able to integrate additional comments into the selection and evaluation part of the process which is equally important as ident
there is some project management primarily it's about planning and oversight and making sure that the tax dollars are being well spent so i want to encourage you to keep that very firmly in mind. this is a somewhat unique setting. >> i agree wholeheartedly. that's a good point, and it also speaks to commissioner mar's comments about outreach and inclusion in the stakeholder engagement process. if you look at the timeline today is march march 18. we have basically this week to do community...
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Mar 20, 2013
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he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no deal in sight as the clock continues to tick. congress has one week left to come to a compromise and avert a government shutdown. we're live on capitol hill with the very latest. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. lauren: the h
he despite the taxes. the economies in europe, particularly we're talking now about spain and italy, have been beaten down by the austerity programs. we, but we see them coming back slowly but surely in the second half. and fourt fourth and, the -- 2014 and equity markets tend to look ahead six months or so for those developments. david: let's hope it happens. bill, great to see you. thank you very much have. appreciate you coming in. >> okay. lauren: budget proposals everywhere but no...
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Mar 18, 2013
03/13
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the deal includes a heavy tax on bank deposits. savers queued for hours to try to get their money out. now the government says all banks will be closed till thursday as it negotiates the terms of this deal. gavin hewitt starts our coverage. >> hurt, anger, outrage -- that was the mood on the streets of the cypriot capital. in exchange for european bailout, small and large savers will have to pay a one-off tax. >> we are sleeping. we all come in the morning, knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amo
the deal includes a heavy tax on bank deposits. savers queued for hours to try to get their money out. now the government says all banks will be closed till thursday as it negotiates the terms of this deal. gavin hewitt starts our coverage. >> hurt, anger, outrage -- that was the mood on the streets of the cypriot capital. in exchange for european bailout, small and large savers will have to pay a one-off tax. >> we are sleeping. we all come in the morning, knowing that we were...
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Mar 13, 2013
03/13
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lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
lou: disease a tax increase is? >> spending cuts plus tax increases. [laughter] lou: we are out of time. we will bring you back with more than 302nd. >> of afford to it. lou: thanks so much. >> thank you. lou: the book is turnaround. we appreciated.
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Mar 21, 2013
03/13
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a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that takes us down the same road. they're talking about the consumer financial protection bureau having oversight of 401. cans so they can protect us from ourselves, i don't know. >> well, look, i mean people in washington are not known for their great decision-making skills but i don't think that they would go so far as to actually tax deposits. i think there -- >> it is important to make a distinction between actually doing it and having something propose it. they're not going to do it because we'll see a run on the banks if they try it. >> i don't think they will propose it. >>
a 10% tax on u.s. deposits would yield a trillion dollars. i'm afraid some nutty budget tear in the washington will come up with the idea. >> good point. >> and scare the day lights out of everybody for no good reason. >> they're already talking about that, look they're already talking about a transaction tax. there is a lot of buzz about that. they will not put a 10% tax on but i wouldn't rule it out. >> i would rule it out. melissa: what about the transaction tax? that...
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Mar 19, 2013
03/13
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tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and lastly, the c.b.c. balanced approach stands up for important programs like social security, medicare, and medicaid that have nothing to do with the economic mess that we find ourselveses in right now. now we don't have a short-term deficit crisis in america. that's what the independent objective economists have concluded. the speaker of the house of representatives has acknowledged we don't have a short-term deficit crisis. the chairman of the budget committee just yesterday acknowledged that we don't have a short-term deficit crisis. we've gained six million jobs over the last four-plus years but we
tax rates for corp. -- tax breaks for corporate jets, tax subsidies for big oil companies that are making record profits. tax incentives for american companies to ship our jobs overseas. the c.b.c. budget will close these wasteful corporate loopholes. third, we look for savings by cutting waste, fraud, and abuse. and we take this approach because of the sensitive nature of our fragile economic recovery. you can't just cut the budget with a meat cleaver without hurting the american people. and...
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Mar 13, 2013
03/13
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and why your tax refunds could be delayed for weeks. people are waiting for uncle sam to cut them a check, minutes from now. if youthen this willbrids arbe a nice surprise. meet the 5-passenger ford c-max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. c max has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hey baby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sailboat. what's in your wallet? you have a sailboat. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by
and why your tax refunds could be delayed for weeks. people are waiting for uncle sam to cut them a check, minutes from now. if youthen this willbrids arbe a nice surprise. meet the 5-passenger ford c-max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. c max has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. uh, charles couldn't make it. his single miles card...
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Mar 13, 2013
03/13
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FOXNEWSW
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and why your tax refunds could be delayed for weeks. people are waiting for uncle sam to cut them a check, minutes from now. so let's break down this play. charles? uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hey baby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sailboat. what's in your wallet? you have a sailboat. ♪ j♪ dreams of landns meet sea, deliciously ♪ ♪ friskies surfin' and turfin' favorites. ♪ ♪ feed the senses. it shows. we don't run like that. we build john deere equipment the way we always have: the right way. times change. our principles don't. you don't just have our word on it. you've got our name on it. that's how we run. nothing runs like a deere. discover the full line of riding lawn equipment at johndeere.com/howwerun o
and why your tax refunds could be delayed for weeks. people are waiting for uncle sam to cut them a check, minutes from now. so let's break down this play. charles? uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hey baby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the...
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Mar 13, 2013
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i don't want to pay for it the feds are stealing my tax dollars. another one, sure the united states agency for national development funding a four year project that will improve the economic competitiveness of morocco. morocco the country in north africa. key part of this project, training moroccans to redesign porter. the cost to the american people $27 million. why can't the moroccan government teach their own people to design porter. i will tell you why. because we will send them 27 million, that's why. very little pottery will be designed. the money will likely be stolen. one more? sure. i have dozens. the national science foundation has allocated more than a half million dollars to create a video game called prom week. this game will give players a chance to relive their high school prom. why is a national science foundation doing this? quote: because it will give americans a new and powerful mode of personal expression. here's my personal expression: this is madness. this is why the federal government under president obama is totally out of
i don't want to pay for it the feds are stealing my tax dollars. another one, sure the united states agency for national development funding a four year project that will improve the economic competitiveness of morocco. morocco the country in north africa. key part of this project, training moroccans to redesign porter. the cost to the american people $27 million. why can't the moroccan government teach their own people to design porter. i will tell you why. because we will send them 27...
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Mar 18, 2013
03/13
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LINKTV
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under the deal, anyone with a bank deposit in cypress will be taxed. that means everyone who is less than $130,000 in the bank will pay a one-time tax of 6.75%. anyone with more than that in savings will pay 9.9%. someone with $150,000 in the bank will be forced to give the government nearly $15,000. tonight the president of cypress spoke to the country, urging acceptance of the bailout in the interest of the nation. >> whatever contribution is made is not a complete loss because bonds will be offered to people for half of their contributions. the state recognizes its obligations. those who keep their main deposits in the bank for two years will get the bonds linked from revenue for natural gas deposits. it's not just cypress that should be worried. they account for 40% of bank deposits and most are from nonresident russians. those alone amount to more than $32 billion. >> it's a lose-lose situation. there will be a huge withdrawal from cypriot banks with or without a levee. >> if they decide to reject the bailout, and bearing in mind the mood of anger
under the deal, anyone with a bank deposit in cypress will be taxed. that means everyone who is less than $130,000 in the bank will pay a one-time tax of 6.75%. anyone with more than that in savings will pay 9.9%. someone with $150,000 in the bank will be forced to give the government nearly $15,000. tonight the president of cypress spoke to the country, urging acceptance of the bailout in the interest of the nation. >> whatever contribution is made is not a complete loss because bonds...
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Mar 15, 2013
03/13
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KICU
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hedge funds want to move offshore, of course for tax purposes. is this a good thing for hedge funds? do they make money this way? is their performance better? > > yeah it's a good thing for a hedge funds, just like it's a good thing for tech companies to hide their money overseas just like apple is doing. apple has all their cash overseas. hedge funds are going to take their profits overseas so they don't have to pay u.s. taxes. > > can we do the pledge of allegiance? but anyway, mr. paulson wants to go to puerto rico, but he should be concerned about the 18% he lost in his gold fund last month. that is his concern, and going there - they still have the dollar in puerto rico - the dollar is what is killing gold, and actually gold is continuing to hold ground even though the dollar has new six- to eight- month highs. so, i think gold is a positive, and he is going to recover from that, not that it matters, because he is worth $11 billion. > here is this week's bonus round question. i am getting a little serious here, and because it is st. patrick'
hedge funds want to move offshore, of course for tax purposes. is this a good thing for hedge funds? do they make money this way? is their performance better? > > yeah it's a good thing for a hedge funds, just like it's a good thing for tech companies to hide their money overseas just like apple is doing. apple has all their cash overseas. hedge funds are going to take their profits overseas so they don't have to pay u.s. taxes. > > can we do the pledge of allegiance? but anyway,...
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Mar 15, 2013
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to tax them or to take them. the vice president of the united states actually told women facing an attack to just empty their shotguns into the air. honestly. have they lost their minds over at the white house? >> all eyes are on cpac's heavy hitters. name one one who could be a player in 2016. paul ryan focused his speech this morning squarely on the budget and jobs. he was all about the number. one number he didn't mention, 2012. nor did he reference his running mate mitt romney who spoke at the conference this afternoon. >> i'm sorry i won't be your president but i will be your co-worker and i will work shoulder to shoulder alongside you. [ applause ] you see in the end, in the end we'll win. we'll win for the same reason we have won before. because our cause is just and it is right. >> this has been a really big week. we got white smoke from the vatican, and we got a budget from the senate. but when you read it, you find that the vatican is not the only place blowing smoke this week. >> boom! any way, eric ca
to tax them or to take them. the vice president of the united states actually told women facing an attack to just empty their shotguns into the air. honestly. have they lost their minds over at the white house? >> all eyes are on cpac's heavy hitters. name one one who could be a player in 2016. paul ryan focused his speech this morning squarely on the budget and jobs. he was all about the number. one number he didn't mention, 2012. nor did he reference his running mate mitt romney who...
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which pays very little in taxes it's just this whole industry like you said i mean when there are myriad the things that they were doing in washington and then exerting that influence in the private sector and of course these people aren't going away they're going to use that influence from the private sector and in turn influence washington back they have their friends in high places the revolving door is going to keep spinning it is astounding when you break it down it really never seen anything that would buildings or invent and you had mentioned another name earlier on but this is not rare this revolving door we just kind of highlighted of a few instances here but this seems to be not rare at all nor it is rare at all and we do know that you know politicians are supposed to be somebody that interest the the public arena for a little bit and fight for the public good and then they're supposed to go back to their regular lives but that's not the question of what they do it's how the policies that they forced while they were in congress were the ones that are potentially helping them ou
which pays very little in taxes it's just this whole industry like you said i mean when there are myriad the things that they were doing in washington and then exerting that influence in the private sector and of course these people aren't going away they're going to use that influence from the private sector and in turn influence washington back they have their friends in high places the revolving door is going to keep spinning it is astounding when you break it down it really never seen...
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Mar 19, 2013
03/13
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FBC
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 21, 2013
03/13
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twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swing. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen, and will be they rise further? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last few years than in the previous decade. >>
twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in the senate. senator orrin hatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical device attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family....
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Mar 19, 2013
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global markets were spooked busy bruise planning to tax investors. >>> "wall street journal" says fbi investigation over possible bribery of chinese officials is unfounded. officials say despite the paper's finding the federal case is open. the bribery allegations are tied to a larger phone hacking scandal that's plagued rupert murdoch which includes dow jones. >>> lululemon toppled after news of a shortage of their yoga pants. a shipment of their trademark fabric made the pants overly sheer. >>> new research finds 57% of u.s. workers have less than $25,000 saved for retirement. five years ago only 49% admitted having so little saved. >> so much for those likes. a new study by coca-cola shows it has no measurable impact on short term sales. >>> click away while you can. "the washington post" is set to start charging for additional content this summer. >> when is a station wagon super cool? when it's a corvette. there's an aerowagon concept returning the 2014 stingray into a hatch back. >>> americans by the millions are filling out their ncaa basketball brackets. and just so you can so
global markets were spooked busy bruise planning to tax investors. >>> "wall street journal" says fbi investigation over possible bribery of chinese officials is unfounded. officials say despite the paper's finding the federal case is open. the bribery allegations are tied to a larger phone hacking scandal that's plagued rupert murdoch which includes dow jones. >>> lululemon toppled after news of a shortage of their yoga pants. a shipment of their trademark fabric...
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hike and delayed income tax refunds had hurt sales in the last two weeks of january february sales were also impacted yeah well that's absolutely correct the wal-mart model which has been to destroy the supplier by squeezing them and by essentially offering slave made goods to americans have brought their margin. it's down to a razor thin so wal-mart is a business model that's a say a mile wide but an inch deep and now that steve proffitt that they were able to extract by exploiting chinese labor by exploiting distributors that is evaporating along with all the other moisture that man made global warming is evaporating and the company wal-mart as a result is finding it more difficult to book profits so i would imagine that within two period a long period of time will see the company start to convert those walmart stores into prisons it will be wall prison to put into prison all the people that are now running with their electronic food stamp cards for baby formula and burgers but they've been cut off and wal-mart saying we're like no more no more and we're so committed to work mc wal-ma
hike and delayed income tax refunds had hurt sales in the last two weeks of january february sales were also impacted yeah well that's absolutely correct the wal-mart model which has been to destroy the supplier by squeezing them and by essentially offering slave made goods to americans have brought their margin. it's down to a razor thin so wal-mart is a business model that's a say a mile wide but an inch deep and now that steve proffitt that they were able to extract by exploiting chinese...
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Mar 15, 2013
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would imposing that tax. i think that's -- that's a lot. >> aside from the dividend, there's other things, you know, suggested that maybe they put in a tender back in 2006, microsoft did a massive tender for shares, which puts a floor in the stock in the mean term. if you think this company is fundamentally challenged in the near term, which they may be. it may been issue of decelerating growth. if they put a tender out there, that pluts a floor in the stock and shareholders will come back at that level. that's one reason why the stock might have found a bottom in the near term. >> a lot of apple investors are certainly hoping so. so, we have the picture here. dan is bullish, right? buying a calendar call spread. it is tricky, but this is exactly how it works. this is a bullish strategy, where you buy a call and you finance that purchase, you share the same strike to reduce your cost. so, how do you make money? well, you want the stock to fall just below the strike of the call that you are short on the first
would imposing that tax. i think that's -- that's a lot. >> aside from the dividend, there's other things, you know, suggested that maybe they put in a tender back in 2006, microsoft did a massive tender for shares, which puts a floor in the stock in the mean term. if you think this company is fundamentally challenged in the near term, which they may be. it may been issue of decelerating growth. if they put a tender out there, that pluts a floor in the stock and shareholders will come...
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Mar 20, 2013
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the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the overall condition in europe, how would you describe it. >> at the moment in europe at the micro economic level we have a two-tiered europe. germany is doing very well and everybody else is struggling along. now things are much better than they used to be when the bond deals of spain and italy were much higher than they are now. because the markets are relatively relax. they trust the european central bank to do as they put it whatever it takes to save the euro. now the risk or the collapse of the euro has receded. that doesn't mean europe isn't in good condition. we are looking at two or more years of recession
the tax rate if you go up to more than 100,000 you're opens and tax rates according to the imf calculations 15.7%. remember it's not just russians, it's also businesses in cyprus. they have to make payroll, how are they going to do that if you suddenly impose this levee on them. the only parallels, the ready parallels are extreme circumstances in places like argentina for example when they froze accountants, when they broke the tag against the dollar in the 2000s. >> rose: how is the...
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is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross-talk the for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares of raymond she is a professor of international finance and director of the european union research center at george washington university all right cross talk rules in fact that means you can jump in anytime you want when you go to washington first you said this is moral hazard this is what's going on in cyprus right now can you explain that please sure sure the you know this is unprecedented what is happening right now in a financial crisis the one the one entity you protect or all the small savers and they're getting hit this time so most the small savers will be hit by a six point seven five percent tax and exchange they'll be given shares off that very bank and if that's
is applying a levy on depositors the answer to this small islands financial woes or is it a means to tax russians using cyprus as a legal tax haven and most importantly can europeans trust their banks anymore. to cross-talk the for cyprus financial crisis i'm joined by michael burke in london he is an economic consultant and a former senior international economist with citi bank and in washington we cross the shares of raymond she is a professor of international finance and director of the...